Compared with price searchers' markets, price takers' markets are likely to result in
A) less advertising.
B) less competition.
C) lower output.
D) more profit.
A
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Marginal utility has a negative slope. This is because of the
a. optimal purchase rule. b. law of increasing costs. c. law of diminishing marginal utility. d. marginal rate of substitution.
Sam, a U.S. citizen, buys bonds issued by a Greek company that bottles olives. Sam's purchase is
a. foreign direct investment. By itself it increases U.S. net capital outflow. b. foreign direct investment. By itself it decreases U.S. net capital outflow. c. foreign portfolio investment. By itself it increases U.S. net capital outflow. d. foreign portfolio investment. By itself it decreases U.S. net capital outflow.
All of the following are flow variables EXCEPT
A. capital goods. B. saving. C. consumption. D. investment.
When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline